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Synacor: Q3 Earnings Insights

Benzinga Insights
·1 min read

Shares of Synacor (NASDAQ:SYNC) moved lower by 0.77% after the company reported Q3 results.

Quarterly Results

Earnings per share were down 66.67% over the past year to ($0.05), which beat the estimate of ($0.07).

Revenue of $18,529,000 declined by 40.93% from the same period last year, which missed the estimate of $20,340,000.

Outlook

Synacor Sees Q4 Sales $20M-$22M Vs. $23.78M Est.

Conference Call Details

Date: Nov 11, 2020

Time: 05:00 PM

View more earnings on SYNC

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fwww.synacor.com%2F&eventid=2626357&sessionid=1&key=1CECA993FDF9DCA3E65EBD14CE8FD63B&regTag=&sourcepage=register

Price Action

Company's 52-week high was at $1.85

52-week low: $0.79

Price action over last quarter: Up 10.17%

Company Description

Synacor Inc provides managed portals, advertising solutions, email and collaboration platforms, end-to-end video solutions and cloud-based identity management. Its customers include communications providers, media companies, government entities and enterprises. The company's operating segment includes Software and Services and Portal and Advertising. It generates maximum revenue from the Portal and Advertising segment. Geographically, it derives maximum revenue from the United States.

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